March 31, 2015

Hear Neel Shah, Managing Attorney of the Law Firm of Shah & Associates, P.C. describe the highlights of this weekly Blog Posts. For the full post, visit: https://lawesq.net/blog/

Gift Tax Returns and Penalties for Not Filing
A fair amount of taxpayers are familiar with at least the basics behind gifts and taxes, but it’s important to understand your obligations when making taxable gifts to others to ensure your compliance with the Internal Revenue Code. Click here for more, https://lawesq.net/blog/2015/03/gift-tax-returns-and-penalties-for-not-filing/

Asset Protection Trusts: Guidelines for Efficient Integration
One of the most popular approaches to estate planning has to do with safeguarding assets against possible losses. Asset protection trusts are one common way to protect property for you and your beneficiaries.Asset protection trusts refer to irrevocable trust structures in which a trustee holds property and distributes it out under his or her discretion. Click here for more, https://lawesq.net/blog/2015/03/asset-protection-trusts-guidelines-for-efficient-integration/

Self-Settled Asset Protection Trusts: A Growing Estate Planning Trend?
Self-settled asset protection trusts get more buzz these days, but they weren’t even recognized in the United States until the latter part of the 1990s. Before this time, putting together a self-settled trust required establishment outside U.S. borders. In 1997, though, Alaska recognized self-settled trusts and Delaware followed. Click here for more, https://lawesq.net/blog/2015/03/self-settled-asset-protection-trusts-a-growing-estate-planning-trend/

The Four Ways to Pay For Long Term Care
With increasing longevity and awareness surrounding elder care issues, more people are seeking out options to plan for long-term care. In the event that you or a loved one needs long term care assistance, there are four primary ways for which that case can be paid for. Click here for more, https://lawesq.net/blog/2015/03/the-four-ways-to-pay-for-long-term-care/

Should I Convert My S Corporation to an LLC?
It’s very popular for business owners to operate under the structure of an S corporation. This allows business owners to generally avoid “double taxation” that could impact owners of C corporations. Operating as an S corp may help a business owner avoid self-employment taxes typically affecting LLCs that choose to be taxed as partnerships. Click here for more, https://lawesq.net/blog/2015/03/should-i-conve…tion-to-an-llc/

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